How President Trump might reshape the Federal Reserve.

From Marketplace, I'm Sabri Beneshore, in for David Bruncaccio.

President Trump has been relentless in attacking the country's central bank,

and he now has his first chance at shaping it.

He's nominated Stephen Myron, one of his advisors,

to serve on the Fed's Board of Governors,

where Myron could vote on such things as interest rate policy. The Senate Banking Committee is

holding a hearing on this later this morning. Marketplaces Nancy Marshall-Genzor has the details.

Morning, Nancy? Good morning. So tell us about Myron. Who is he? Where did he come from?

Yeah, he's currently chairman of the Council of Economic Advisors at the White House. He was also a senior strategist at the investment firm Hudson Bay Capital, and he was a senior fellow at the Manhattan Institute.

What does Myron say about his qualifications for the job of Fed governor?

Well, in Myron's opening statement today, he says part of his current job is to advise President

Trump on achieving full employment and stable prices, which is the Fed's mandate.

He says the Council of Economic Advisers and the Fed share common goals.

He also says his time in the markets gave him firsthand experience in the substantial sway the Fed holds over the ability to borrow

money. What does Mr. Myron have to say about Fed independence? I mean, considering the fact that

President Trump is putting all this pressure on the central bank to lower interest rates? Yeah, and Myron says he intends to preserve the Fed's

independence. But in an essay for the Manhattan Institute last year, Myron wrote,

the president should be able to remove Fed officials, quote, at will. That opinion is expected to get some

attention today, especially considering that President Trump is now trying to fire Fed Governor Lisa

Cook. All right. Thank you, Nancy. You're welcome. The Trump administration has asked the

Supreme Court to uphold the legality of the President's tariffs. Two lower courts

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